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Daily Archives: August 18, 2010
Good discussion of secular shifts in investing and consumption
Some good points made re bond markets and the Fed needing to back out of artificial intervention and let the economy right-size itself for the future.
Newsflash: consumers are not shopping like they used to
Here is an epiphany for those still clamoring to stimulate consumer spending: people who are over-extended on credit and under-employed, or unemployed, do not do a lot of shopping. America's job market stats provide the catalyst for a secular shift … Continue reading
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